Zambia suspends fuel taxes as pump prices surge

Global oil spikes from Middle East tensions forced several southern African governments to slash fuel taxes just to keep pump prices from exploding higher.

Zambia Fuel Relief
  • The Cabinet zero-rated VAT and suspended excise duty on petrol plus diesel until June 2026.
  • The Energy Regulation Board still hiked April prices despite the tax break.
  • Petrol climbed to K27.15 per litre while diesel jumped to K29.78.
  • Kwacha weakened slightly and added extra pressure on import costs.
Regional Tax Cuts
  • South Africa trimmed its general fuel levy by R3 per litre for one month.
  • Namibia halved road user and fuel levies through the end of June.
  • Both moves aimed to cushion motorists amid record international surges.
  • Zimbabwe keeps high tax rates and eyes only a future review.
Mthuli Ncube Promise
  • The finance minister signaled selected time-bound fuel tax adjustments.
  • No firm timeline emerged for any concrete changes yet.
  • April pump prices in Zimbabwe await announcement soon.
  • Taxes still made up big chunks of local diesel and petrol costs.
 

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